Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus ...

How interest rate hikes and extra payments affect your bond and what to do if you're struggling with repayments.

Everybody knows what an interest rate is—it’s effectively a percentage of an amount over a year. If your savings account ...

When you put money into a savings account, the bank will use your money, for example by lending it to other people. They will pay you a certain amount for allowing this. The money they pay you is ...

Given the decades-long market upswing followed by the recent downturn, you may have questions about if your money is really working for you. For instance, is it possible to make an average 25% ...

Higher interest rates are good for our cash and checking accounts but are not always good for pension holders. Rising interest rates have an inverse relationship to a pension’s lump-sum value.